Question : Calculate the amount of stationery to be debited to the Income and Expenditure Account of Good Health Sports Club for the year ended 31st March, 2020:
Particulars
1st April, 2019 (Rs.)
31st March, 2020 (Rs.)
Stock of Stationery
40,000
30,000
Creditors for Stationery
45,000
55,000
Stationery purchased during the year ended 31st March, 2020 was Rs. 4,70,000.
Option 1: Rs 4,80,000
Option 2: Rs 4,90,000
Option 3: Rs 4,70,000
Option 4: None of the above
Correct Answer: Rs 4,80,000
Solution : Calculation of stationery Consumed Opening stock of stationery = 40000 (+) stationery Purchased = 4,70,000 -------------- 5,10,000 (-) Closing stock of stationery = (30,000) Stationery Consumed = 4,80,000 Answer = Rs 4,80,000 Hence, the correct option is 1.
1st April, 2019
Question : Delhi sports club for the year ending 31st march 2022 amounted to Rs. 4,00,000. How much amount to be recorded in Income and Expenditure Account after considering the following information:
Question : On the basis of the information given below, calculate the amount of stationery to be debited to Income and Expenditure Account of Good Health Sports Club for the year ended 31st March, 2020:
Question : From the following information given in respect of certain items of a Sports Club.
Sports fund as on 1st April 2020 Rs 1,50,000
Sports Fund Investment Rs 3,50,000
Interest on sports fund Investment Rs 40,000
Donation for
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